On 4hr chart, still consolidating within the mini channel forming a possible flag.Possible bounce on support 3500~3530 zone.As mentioned still possible for leg 2 staircase pattern to happen testing the big triangle/channel top.
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Short term moving average (day candle) :RSI :Network Value to Transactions Ratio :124Total marketcap :120Dominance :52.8Bitfinex Margin Long/Short Volume Ratio :Depth Chart : (S) | (R)Weekly Timeframe :
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Day: February 14, 2019
Play The Extremes On Oil
OPEC reported that output fell by almost 800,000 bpd in January to 30.81 million bpd. On Tuesday, Saudi Energy minister Khalid al-Falih said production would fall below 10 million bpd in March, more than half a million bpd below the target it agreed to.
Meanwhile, two weeks ago the U.S. Energy Information Administration (EIA) said Record-breaking U.S. oil production is expected to continue for decades. For example, Texas’s oil production hit a record level not seen since 1973. Texas oil wells produced more than 1.54 billion barrels of crude in 2018. If Texas was a country production it would be the
Turns Out I was Right…Jamie Dimon and his Weasel Move
It wasn’t that long ago that you saw this…“Jamie Dimon Slams Bitcoin as a Fraud”
As soon as this hit the news wire I had a feeling that Dimon was attempting to pull one of his weasel banker moves that banks pull daily througout the financial markets. See this is how it works. Banks funnel news in order to set up the actual move of the direction of the asset (which they know many times based on the inside sources and collaboration with other banks). In this case here is how it played…
Bitcoin had left the station “at the time” and
Crypto Contest February 14: Stealth
Stealth (Bittrex: XSTUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Stealth began a wave one advance in November 2015. The red wave one finished in October 2016, and the red wave two correction ended in January 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished in January 2018, and the red wave four (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Stealth should be heading next towards the January 2018 peak in the red wave five.
(Chart courtesy of Tradingview.com
Crypto Contest February 14: Stealth
Stealth (Bittrex: XSTUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Stealth began a wave one advance in November 2015. The red wave one finished in October 2016, and the red wave two correction ended in January 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished in January 2018, and the red wave four (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Stealth should be heading next towards the January 2018 peak in the red wave five.
(Chart courtesy of Tradingview.com
Crypto Contest February 14: Stealth
Stealth (Bittrex: XSTUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Stealth began a wave one advance in November 2015. The red wave one finished in October 2016, and the red wave two correction ended in January 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished in January 2018, and the red wave four (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Stealth should be heading next towards the January 2018 peak in the red wave five.
(Chart courtesy of Tradingview.com
Bitcoin Friendly Micronation Acknowledged by European Commission President
Liberland Continues to Strive for Recognition
Key members of the European Commission have recently been discussing the micronation known as the Free Republic of Liberland. The seven square kilometer territory on the banks of the Danube was claimed in 2015 by a group of individuals who believe in libertarian ideologies. The President of Liberland, Vít Jedlička, and citizens of the small country profess that no nation claims the land as its own. Since then the group has been fighting to get acknowledged by the rest of the world’s leaders by following the protocol of terra nullius. Seven months ago, Liberland presented its case to members of the EU Parliament in order to get recognized as a sovereign nation state. So far the region has garnered over 550,000 applicants who want to be citizens of Liberland.
Read full article on Bitcoin.com
Currency Analysis Report 2/14/19 – US Dollar Back At the Weekly Supply Zone
When Fed Powell hinted several weeks ago that rate hikes were on pause, many experts thought that would hurt the dollar. Low interest rates usually go hand in hand with a weaker currency. However, the US dollar hit a fresh 2019 high earlier this week.
Since then, a bit of a pullback has developed and price now sits below the 97.00-level on the chart. With weakness in the Euro and Japanese Yen, and China’s economy slowing down, I think the US dollar is a crowded trade. There is no other place to turn to, so the US dollar is the lesser






